https://www.taxtmi.com/caselaws?id=327650 The Tribunal partly allowed the Revenue's appeal by dismissing the general nature of the first ground. It upheld the exclusion of foreign currency losses from previous years in the Profit Level Indicator calculation but reversed the decision on depreciation adjustments. Additionally, the Tribunal upheld the exclusion of Rolta India Ltd. and KLG Systel Ltd. from the set of comparables due to functional dissimilarity and significantly higher turnovers. en-us Wed, 30 Mar 2016 00:00:00 +0530 Tue, 10 May 2016 22:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327650 The Tribunal partly allowed the Revenue's appeal by dismissing the general nature of the first ground. It upheld the exclusion of foreign currency losses from previous years in the Profit Level Indicator calculation but reversed the decision on depreciation adjustments. Additionally, the Tribunal upheld the exclusion of Rolta India Ltd. and KLG Systel Ltd. from the set of comparables due to functional dissimilarity and significantly higher turnovers. Case-Laws Income Tax Wed, 30 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327650